Previous Close | 163.95 |
Open | 164.51 |
Bid | 162.36 x 800 |
Ask | 162.47 x 1000 |
Day's Range | 160.86 - 164.70 |
52 Week Range | 123.02 - 218.62 |
Volume | 15,504,415 |
Avg. Volume | 24,969,167 |
Market Cap | 463.773B |
Beta (3Y Monthly) | 1.23 |
PE Ratio (TTM) | 21.47 |
EPS (TTM) | 7.57 |
Earnings Date | Apr 23, 2019 - Apr 29, 2019 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 197.94 |
The UK Parliament's Facebook document dump is close to creating serious legaltrouble for the social network
Let me begin by saying that Facebook's Crisis Response pages do a lot of good. As a former Ottawa resident I have multiple Facebook friends there. If a single person were hospitalized as a result of an incident in a single town of 216,000, would Facebook call on every resident of that town to mark themselves safe?
CEO Mark Zuckerberg previously said the company learned of the breach from journalists, but a new report questions that
Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal responsibility, the UK parliament's Digital, Culture, Media and Sport Committee said the companies had proved ineffective in stopping harmful content and disinformation on their platforms. "The guiding principle of the 'move fast and break things' culture often seems to be that it is better to apologise than ask permission," committee chairman Damian Collins said.
British lawmakers issued a scathing report Monday that accused Facebook of intentionally violating privacy and anti-competition laws in the U.K., and called for greater oversight of social media companies. The report on fake news and disinformation on social media sites followed an 18-month investigation. The parliamentary committee that prepared the report says social media sites should have to follow a mandatory code of ethics overseen by an independent regulator to better control harmful or illegal content.
The report urged a compulsory code of ethics for technology companies to deal with harmful or illegal content on their sites. Large sections of the report were devoted to criticism of Facebook, which it said had intentionally and knowingly violated both privacy and anticompetition laws in how it handled user data and tried to stifle competitors. It follows a monthslong inquiry into tech companies and issues of privacy, misinformation and the power of their platforms in the wake of the scandal involving the data-analytics firm Cambridge Analytica’s access to Facebook users’ information.
Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal responsibility, the UK parliament's Digital, Culture, Media and Sport Committee said the companies had proved ineffective in stopping harmful content and disinformation on their platforms. "The guiding principle of the 'move fast and break things' culture often seems to be that it is better to apologize than ask permission," committee chairman Damian Collins said.
Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the industry, with fines for companies to be calculated based on their revenue. “Companies like Facebook exercise massive market power which enables them to make money by bullying the smaller technology companies and developers who rely on this platform to reach their customers,” Collins said in a statement Monday.
Cash App is free for individuals to download and use, which leaves many people wondering how Square makes money from it.
Facebook and Google have made big splashy deals, but the largest acquisitions of late have been in the enterprise. GitHub, Red Hat, CA and MuleSoft were all acquired last year. While big internet companies like Facebook FB and Google GOOGL have been fairly quiet of late on the deal-making front, business software vendors have kept bankers quite busy.
A British Parliament report says Facebook knew about a data breach associated with Cambridge Analytica earlier than the social media giant originally admitted. The finding comes from Parliament's Digital, Culture, Media and Sport Committee.